China’s trade with Lusophone countries worth US$ 27.8 billion in first eight months of year

22 October 2007

Macau, China, 22 Oct – Trade between China and Portuguese-speaking countries was worth a total US$ 27.8 billion from January to August of this year, an official Chinese source said Thursday in Macau.

Cited by the Lusa news agency, the Chinese official said the increased trade figures have been strongly influenced by rising Brazilian exports to China, which were valued at US$ 17.9 billion in the first eight months, around 40 percent more than during the same period in 2006.

Angola is the second placed Lusophone state in trade terms with China, with two-way exchanges of US$ 8 billion from January to August, down by 4.6 percent in an annual comparison.

Portugal and China’s bilateral exchanges were valued at US$ 1.47 billion, up 32.5 percent compared to the same period last year.

China’s bilateral trade with the Lusophone bloc is growing briskly and rapidly approaching the goals established last year of hitting US$ 50 billion by 2009.

In 2006, commercial exchanges between China and the Lusophone world reached a value of US$ 34 billion, an increase of 46.9 percent compared to the previous year. (macauhub)